Previous close | 149.24 |
Open | 147.99 |
Bid | 136.23 x 200 |
Ask | 149.95 x 100 |
Day's range | 140.90 - 149.99 |
52-week range | 139.40 - 230.52 |
Volume | |
Avg. volume | 465,473 |
Market cap | 8.427B |
Beta (5Y monthly) | 0.86 |
PE ratio (TTM) | 50.71 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Paylocity (PCTY) delivered earnings and revenue surprises of 13.92% and 1.10%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Revenue and Earnings Surpass Analyst Expectations, Highlighting Strong Market Position
Payroll and human resources software provider, Paylocity (NASDAQ:PCTY) reported results ahead of analysts' expectations in Q1 CY2024, with revenue up 18.1% year on year to $401.3 million. Guidance for next quarter's revenue was also better than expected at $349.8 million at the midpoint, 1.2% above analysts' estimates. It made a non-GAAP profit of $2.21 per share, improving from its profit of $1.74 per share in the same quarter last year.